search query: @indexterm Capacity / total: 189
reference: 97 / 189
| Author: | Kerr, G. |
| Title: | Managing congestion: economics of price and lottery rationing |
| Journal: | Journal of Environmental Management
1995 : DEC, VOL. 45:4, p. 347-364 |
| Index terms: | CAPACITY DENTAL CARE EFFICIENCY LOTTERIES PRICES |
| Language: | eng |
| Abstract: | It is not uncommon for the carrying capacity for congestible facilities to be estimated before the allocation method is known. This paper shows how efficient capacity differs between two competing resource allocation mechanisms , one which is efficient (price) and one which is fair (lottery). The welfare theoretic implications of adopting lottery allocation rather than price allocation are illustrated from the perspectives of economic efficiency and the benefits obtained by resource users and suppliers. |
SCIMA